ESOP
Speech parts
1. ESOP - Noun
2. ESOP - Proper noun
Meaning
a program under which employees regularly accumulate shares and may ultimately assume control of the company
Source: WordNetSynonyms
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Examples
According to the National Center for Employee Ownership, there are approximately 7,000 ESOP companies in the U.S., and 28 million employees participating in employee ownership plans.
OYO said the employees opting for VSP will receive financial assistance, relaxation on ESOP vesting besides being eligible for health coverage, parental insurance and other company benefits.
I think the addition of the ESOP to the benefits package just makes us that much more attractive as a place for someone to build their career.”
Over 30 percent of companies also made ESOP provisions available for external advisers and consultants.